Africa ponders how to manage new wealth

From Reuters: African countries — such as Nigeria, Angola and Tunisia — are considering launching sovereign wealth funds (SWFs), which would accelerate the already rapid growth of the $3-trillion industry.

But in sub-Saharan Africa, the challenges posed by such plans are significant: on the one hand is the need for a vehicle to invest windfall surpluses for future generations and ring-fence today’s wealth from greedy leaders………………….Full Article: Source